Officer Covenants Clause Samples

Officer Covenants. The Officer agrees to do the following: 1. To complete and pass successfully any training program as required to fulfill his/her position as Patrol Officer. 2. To remain an employee of the University of Manitoba Security Services for a period of not less than one year. 3. To reimburse the University for non-reusable uniform outfitting costs and all sums paid by said University on behalf of the Officer for any training programs should the Officer voluntarily cease employment with the University at any time during the one year period.
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Officer Covenants. 7.1 The Officer shall diligently and conscientiously devote his or her best efforts and attention to the discharge of his/her duties pursuant to this Agreement and to perform such duties as shall be specified from time to time in accordance with the terms of this Agreement and in accordance with the policies of the Company. 7.2 The Officer understands that the services rendered for the Company hereunder are unique and proprietary to the Company and that any systems, software or any other products designed, written or installed while employed by the Company are the sole property of the Company; and therefore, entitles the Company to enforce covenants of non-compete. 7.3 All parties hereto agree that during the term of this Agreement and for a period of one (1) year following the termination of this Agreement, the Officer, in his/her individual, or representative capacity, shall not directly or indirectly enter into or engage in any business in the state of South Carolina similar to or competing with the business of the Company including but not limited to the design, implementation, sale, lease or distribution of any systems or services which are similar in nature to the systems and services provided by the Company. 7.4 The Officer agrees to hold in confidence all confidential information acquired by being an Officer of the Company concerning the Company, the Company's products or services and/or clients of the Company. Upon termination of this Agreement or expiration of this Agreement, the Officer shall return to the Company all written or descriptive materials containing any such information including, but not limited to, any documentation, program listings or other materials which may contain information which describes products considered to be proprietary to the Company or its clients. 7.5 In the event the Officer shall breach the non-compete terms of this Agreement, therein such an event, the parties agree the damages to the Company that result are uncertain, speculative and difficult to ascertain. The parties agree, therefore, that damages shall be assessed against the party or parties engaged in said prohibited conduct to be $1,000.00 dollars per day until such prohibited conduct shall cease, plus attorney fees and court costs.
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Officer Covenants 
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Related to Officer Covenants

  • Seller Covenants Seller covenants and agrees as follows:

  • Interim Covenants (a) Except with the prior written consent of Purchaser (which consent shall not be unreasonably withheld, delayed or conditioned), as otherwise contemplated or permitted by this Agreement or as required by the Bankruptcy Code or other applicable Law, during the period prior to and up to Closing, Seller shall operate the Yu-Gi-Oh! Business in compliance in all material respects with all Laws applicable to the operation of its business. From the date hereof through the Closing Date, or as otherwise required by applicable Law, Seller shall use commercially reasonable efforts to: (i) maintain the Purchased Assets in a manner consistent with past practices, reasonable wear and tear excepted and maintain the types and levels of insurance currently in effect in respect of the Purchased Assets; (ii) preserve intact the Yu-Gi-Oh! Business, to keep available the services of its current employees and agents and to maintain its relations and goodwill with its suppliers, customers, distributors and any others with whom or with which it has business relations; (iii) upon any damage, destruction or loss to any Purchased Asset, apply any insurance proceeds received with respect thereto to the prompt repair, replacement and restoration thereof to the condition of such Purchased Asset before such event or, if required, to such other (better) condition as may be required by applicable Law; (iv) promptly advise Purchaser in writing of the occurrence of any event that has had, or would reasonably be expected to have, a Material Adverse Change; and (v) consult with Purchaser on all material aspects of the Yu-Gi-Oh! Business as may be reasonably requested from time to time by Purchaser, including, but not limited to, personnel, accounting and financial functions. (b) Except as otherwise contemplated or permitted by this Agreement or by applicable Law, during the period prior to and up to Closing, Seller shall not, without the prior written consent of Purchaser: (i) enter into, terminate or amend or reject any of the Transferred Agreements, or cancel, modify or waive any material claims held in respect of the Purchased Assets or waive any material rights of value; (ii) do any act or fail to do any act that will cause a material breach or default under any of the Transferred Agreements; (iii) sell, transfer or otherwise dispose of any of the Purchased Assets; (iv) modify any of its sales practices or receivables collections practices from those in place on the date hereof, including offering any discounts, incentives or other accommodations for early payment; (v) conduct any “going out of business,” liquidation, bankruptcy, or similar sales or take any action to fashion its business as going out of business, liquidating or closing; (vi) dispose of or fail to keep in effect any material rights in, to, or for the use of any of the Intellectual Property, except for rights which expire or terminate in accordance with their terms; (vii) subject any Purchased Assets to any Liens; (viii) enter into, or negotiate any licenses or grant any party any rights or license in any of the Purchased Assets; or (ix) authorize any of the foregoing, or commit or agree to take actions, whether in writing or otherwise, to do any of the foregoing. (c) Seller take all action to properly and timely (i) exercise its option for the next season of Yu-Gi-Oh! such that the expiration dates of the Yu-Gi-Oh! Grant Agreements at Closing shall be August 31, 2019 for broadcast and home video rights in the United States, August 31, 2020 for broadcast and home video rights in the territory described therein outside of the United States, and August 31, 2019 with respect to merchandising rights and (ii) make any required payments under the Yu-Gi-Oh Grant Agreements.

  • Other Covenant Defaults If Borrower fails or neglects to perform, keep, or observe any other material term, provision, condition, covenant, or agreement contained in this Agreement (other than as set forth in Sections 8.1, 8.2 or 8.4 through 8.11), in any of the other Loan Documents and Borrower has failed to cure such default within fifteen (15) days of the occurrence of such default. During this fifteen (15) day period, the failure to cure the default is not an Event of Default (but no Loan will be made during the cure period).

  • BORROWER COVENANTS Borrower covenants and agrees that:

  • Other Covenants (Section 5.1): Borrower shall at all times comply with all of the following additional covenants: